Hello to all traders. 😎😎
I hope all your deals will hit their targets. 🎉🎉
Ethereum is moving in an ascending channel with a gentle slope on the daily time frame. When we look at this channel in the weekly time frame, it is forming a flag for a bar in a bearish flag pattern🏁🏁🏁, and this is a sign of further price decline. So I have to keep in mind that Ethereum is showing signs of falling in the larger time frame.
At the moment and in the 4-hour time frame of the gray range ($2300 to $2400), it is important that if it is broken upwards, we will move in the blue direction and the price can go up to the $2500 range and from there a deep correction. to do But if it cannot break the gray range, it will move from the black path and fall to the range of $2000 to $2100, which is a strong support.
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Best Regards , Ali Jamali
I hope all your deals will hit their targets. 🎉🎉
Ethereum is moving in an ascending channel with a gentle slope on the daily time frame. When we look at this channel in the weekly time frame, it is forming a flag for a bar in a bearish flag pattern🏁🏁🏁, and this is a sign of further price decline. So I have to keep in mind that Ethereum is showing signs of falling in the larger time frame.
At the moment and in the 4-hour time frame of the gray range ($2300 to $2400), it is important that if it is broken upwards, we will move in the blue direction and the price can go up to the $2500 range and from there a deep correction. to do But if it cannot break the gray range, it will move from the black path and fall to the range of $2000 to $2100, which is a strong support.
Don't forget that this is just an analysis to give you an idea and trade with your own strategy. And don't forget the stop loss🛑🛑🛑
❤️❤️❤️The only friend you have in financial markets is your stop loss❤️❤️❤️
Please support me with your ✅' like'✅ and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me 🙏😊
Best Regards , Ali Jamali
Trade active
Can Ethereum break the gray area??Trade active
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.